The Financial Express

BERC to announce LPG price for first time on Monday  

| Updated: April 12, 2021 08:25:26

BERC to announce LPG price for first time on Monday  

The Bangladesh Energy Regulatory Commission (BERC) is going to announce the price of liquefied petroleum gas (LPG) on Monday for the first time in the country.

BERC Chairman Md Abdul Jalil on Sunday said the commission will announce the price on Monday morning through a virtual press conference, reports bdnews24.com.

The commission also published a circular on its website.

As per the BERC Act, 2000, electricity tariffs and prices of downstream petroleum products should be fixed by the energy regulator through public hearings.

In compliance with its responsibility, the BERC has been setting the electricity tariff and price of natural gas for both bulk and retail consumers after its establishment in 2003.

But the issue of setting the LPG price remained out of the purview of the regulatory body.

Currently, the price of LPG produced by state-owned companies is fixed by Bangladesh Petroleum Corporation (BPC) while the private companies fix their own price.

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